English Football League requests ‘urgent update’ on Derby funding | Soccer News

LONDON: English Football League chiefs have asked Derby administrators for an “urgent update” on how the financially-struggling Championship club will be funded for the remainder of the season.
Derby administrators Quantuma have agreed to a four-week extension to the deadline for providing proof of funding at the end of January.
But the Football League said on Monday it had received no evidence or information from the administrators about a preferred bidder to buy the club.
“On January 27, the EFL and Derby County trustees, Quantuma, announced a four-week extension to the deadline for providing evidence of sufficient funding to complete the current season,” a statement from the agency said. ‘EFL.
“The administrators have yet to provide this proof, and we await an urgent further update from them on both this and the announcement of a preferred bidder.”
The US-based Binnie family made a formal bid for Derby in January, while a consortium formed by General Sports Worldwide is also interested in buying the Rams.
Derby was placed into administration by then-owner Mel Morris in September and it was reported the club could go into liquidation if a buyer is not found quickly.
The Rams were deducted 21 points for going into administration and breaching Football League financial regulations.
Wayne Rooney’s side are currently in the relegation zone and are eight points from safety with 12 games remaining.